Ethiopia IMF,Ethiopia's debt Stories

IMF's board approves second review of Ethiopia's $3.4 billion programme
Reuters  |  Jan 18, 2025

The IMF's role in Ethiopia's debt overhaul has come under criticism from some quarters, including from World Bank staff, who questioned the conclusion...

Somalia's opposition says pacts with Ethiopian, other countries signed without parliament’s approval
Hassan Mohamed  |  Jan 15, 2025

The leaders accused President Hassan of going against a parliamentary censure motion he sponsored against Ethiopia when it signed a maritime agreement...

Somalia wants Ethiopia included in new African Union mission despite troop quota challenges
Mwangi Maina  |  Jan 15, 2025

AUSSOM replaces the African Union Transition Mission in Somalia (ATMIS), marking a critical phase in transferring national security responsibilities t...

Over 30,000 displaced as Ethiopia’s fentale volcanic region is hit by numerous earthquakes
Lucy Mumbi  |  Jan 12, 2025

Local officials have also reported widespread damage to homes, schools, health centres, and roads.

Ethiopia and Somalia restore full diplomatic, trade ties
Hassan Mohamed  |  Jan 11, 2025

The leaders reaffirmed that the stability of the region requires strong cooperation between the two countries based on mutual trust, confidence and re...

Ethiopian PM Abiy unveils West Godey Irrigation Project in Somali region
Eastleigh Voice Reporter  |  Jan 03, 2025

The project is expected to provide irrigation for up to 10,000 hectares of agricultural land, enhancing local food production and supporting the livel...

Somalia and Ethiopia end diplomatic rift
Gelle Dheere  |  Jan 02, 2025

Speaking at a press conference in Mogadishu, following meetings with Ethiopia's Defence Minister Aisha Mohamed and State Minister for Foreign Affairs...

Ethiopian Airlines partners with DRC to launch Air Congo
Lucy Mumbi  |  Jan 02, 2025

Ethiopian Airlines CEO Mesfin Tasew termed the partnership as a significant milestone in the airline’s strategy to strengthen African air transport.

World Bank staff question Ethiopia debt assessment reached with IMF, memo shows
Reuters  |  Dec 24, 2024

The authors suggest that based on the DSA, Ethiopia is facing a short-term liquidity crunch, and not a long-term solvency issue, a point of contention...

Somalia accuses Ethiopia of sovereignty violations after deadly attack on military bases in Gedo 
Eastleigh Voice Reporter  |  Dec 23, 2024

The statement detailed how Ethiopian forces targeted “three key bases manned by the Somali National Army, the National Intelligence and Security Agenc...

Somalia and Egypt forge closer ties as new African Union mission looms
Abdirahman Khalif  |  Dec 23, 2024

The evolving dynamics among Somalia, Egypt, and Ethiopia signal broader geopolitical changes in the region, with the African Union playing a central r...

Somalia sends mixed signals with diplomatic visits to Egypt and Ethiopia
Mwangi Maina  |  Dec 23, 2024

The inclusion of both Egypt and Ethiopia in the peacekeeping mission presents a diplomatic tightrope for Somalia.

French President Macron backs Ethiopia's debt restructuring efforts
Reuters  |  Dec 22, 2024

Last month, Ethiopia and IMF agreed on the second review of a $3.4 billion financing programme.

Ethiopia’s Grand Mufti calls for peaceful coexistence to combat violent extremism
Mary Wambui  |  Dec 21, 2024

The workshop aimed to create platforms for cooperation and coordination among religious leaders, teachers, and media practitioners, who play key roles...

Egypt prepares Renaissance Dam Report for Trump administration
Charles Adinda  |  Dec 18, 2024

This renewed diplomatic push comes as Egypt seeks international mediation to secure a favourable agreement on the dam's operation.

Kenyan banks free to enter Ethiopian market after removal of foreign cap
Charles Adinda  |  Dec 18, 2024

Plans to liberalise the country's financial market began in June 2023 when Ethiopia unveiled plans to issue up to five banking licenses to foreign inv...

Turkish President Erdogan to visit Ethiopia, Somalia after brokering landmark deal
Mwangi Maina  |  Dec 16, 2024

Speaking at an event in Turkey’s eastern province of Erzurum, Erdogan highlighted the lengthy negotiations that led to the breakthrough.

UN extends Al-Shabaab sanctions in Somalia, paves way for new stabilisation mission
Amina Wako  |  Dec 14, 2024

The 15-member council unanimously endorsed the extension, which the United Kingdom authored.

AU, IGAD welcome Ethiopia, Somalia agreement to end Somaliland port dispute
Rachael Mutabasi  |  Dec 12, 2024

Kenya's Principal Secretary for Foreign Affairs, Korir Sing'Oei also expressed his support for the agreement, commending the leadership of both nation...

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